Ryan Lochte's new endorsement deal is for crime prevention device

On Tuesday the swimmer who admits he lied about being a crime victim while he was in Rio for the 2016 Olympics posted a promo video on Instagram and Twitter announcing a deal with Robocopp -- a crime prevention device maker.

"I've been traveling a lot lately. We all like to have fun, but it's a good idea to stay safe," Lochte said in a promo video. "I don't go anywhere without Robocopp."

Holding up the small Robocopp device that can give off a startling alarm, Lochte said, it "can get you out of a bad situation."

Robocopp spokesperson Jill Turner confirmed to CNNMoney that the company has signed Lochte to an endorsement deal, but refused to reveal any deals of the arrangement.

A video posted by Ryanlochte (@ryanlochte) on Aug 30, 2016 at 1:13pm PDT

After Lochte admitted he was intoxicated and "exaggerated" his claims about being robbed at gunpoint at a Rio gas station, he was ditched by several major sponsors -- including Polo Ralph Lauren, Speedo and mattress company Airweave.